In general, a higher real wage rate decreases the quantity of labor supplied because fewer people enter the labor force

Indicate whether the statement is true or false


FALSE

Economics

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When the current price of a good is below the equilibrium price:

A. sellers will notice their inventories are growing. B. there will be excess supply. C. the price will tend to stay below the equilibrium price. D. buyers have an incentive to offer to pay sellers more than the current price.

Economics

________ is the economic framework that describes an individual's optimal actions in settings where interactions with others determine her well-being

A) Game theory B) Utility Optimization C) Strategic Equilibrium D) Best Response model

Economics

Which of the following would be best classified as a private good?

A) a missile defense system B) police force C) radio frequency D) clothing

Economics

The Federal Deposit Insurance Corporation was created to ensure that savings and loan associations would be guaranteed as safe as banks

Indicate whether the statement is true or false

Economics